Author: Staff Writer

Globalstar Receives Final Approval of Debtor-in-Possession Financing

By Staff Writer | March 7, 2003

Satellite phone provider Globalstar LP has been granted final court approval for its $10 million debtor-in-possession (DIP) financing. The court had earlier granted approval on an interim basis, making an...

Boeing's Settlement With State Department Will Not Spur Export Flow

By Staff Writer | March 7, 2003

The settlement announced this week between Boeing Satellite Systems, Hughes Electronics [GMH] and the U.S. State Department resolving technology transfer violations stemming from Chinese launch failure reviews in 1995 and...

Integration Of Two Loral Units Eliminates Two COOs

By Staff Writer | March 7, 2003

The chief operating officers of both Loral Skynet and Loral Cyberstar are leaving their jobs as part of the integration of the two units of Loral Space and Communications [NYSE:...

Tandberg Launches nCompass Integrated Control and Monitoring

By Staff Writer | March 7, 2003

Tandberg Television, a supplier of open-standard products for digital broadcasting, plans to launch its integrated control and monitoring system, nCompass, at the upcoming National Association of Broadcasters 2003 conference. The...

ICESAT Spacecraft Passes Final Test

By Staff Writer | March 6, 2003

The Goddard Space Flight Center‘s Ice, Cloud and Land Elevation Satellite (ICESat) has completed testing of its laser altimeter, its final test before full operation. The focus of the operations...

Boeing Delta IV Launch Set for First Air Force EELV Mission

By Staff Writer | March 6, 2003

A Boeing [NYSE: BA] Delta IV rocket is scheduled to launch the first satellite for the U.S. Air Force Evolved Expendable Launch Vehicle program on Saturday from Cape Canaveral Air...

Israel Court Approves Gilat's Debt Restructuring Plan

By Staff Writer | March 6, 2003

Gilat Satellite Networks [Nasdaq:GILTF] has received approval from the Israel District Court in Tel Aviv for its debt-restructuring plan. The court’s approval of the plan, allowing the company to restructure...

Hughes Moves Closer To Sale After AOL Break-up

By Staff Writer | March 6, 2003

The break-up of an alliance between Hughes Electronics [NYSE: GMH] and America Online appears to be a move to prepare for the eventual sale of Hughes, a non-core business unit...

Boeing, Hughes Agree To Pay $32 Million Penalty For Alleged Export Missteps

By Staff Writer | March 6, 2003

Hughes Electronics [NYSE: GMH] and Boeing Satellite Systems, formerly Hughes Space and Communication Co., reached a $32 million settlement with the U.S. Department of State involving claims of technology transfer...

Motorola Settles Chase Manhattan Claims Stemming From Iridium's Collapse

By Staff Writer | March 6, 2003

Motorola [NYSE: MOT] reached an out-of-court settlement that covers all five remaining lawsuits filed against the company by Chase Manhattan Bank due to the financial failure of Iridium LLC, a...